Official believes in strong rebound of stock market
Vietnam’s stock market will bounce back strongly and develop in both quantity and quality in 2023 to remain an effective capital mobilisation channel for the economy, an official has said.
Deputy Minister of Finance Nguyen Duc Chi (second from left) beats the gong to mark the first trading session of 2023 on January 3. (Source: HNX)
Hanoi (VNA) – Vietnam’sstock market will bounce back strongly and develop in both quantityand quality in 2023 to remain an effective capital mobilisation channel for theeconomy, an official has said.
Deputy Minister of Finance Nguyen DucChi made the remark at a gong beating ceremony held at the Hanoi Stock Exchange(HNX) on January 3 to mark the first trading session of 2023.
He said despite many fluctuations, thestock market still ran stably, safely, and smoothly in 2022, the capital raised was high, most of the listed companies operated stably and profitably, and domesticand foreign investors’ engagement in the market remained on the rise.
Deputy Minister of Finance Nguyen Duc Chi speaks at the ceremony on January 3. (Photo: VNA)
For 2023, Deputy Minister Chi askedthe securities sector to focus on such tasks as overhauling the Law onSecurities and relevant legal regulations, improving the market’s quality andthe financial capacity and competitiveness of market participants, anddeveloping the IT system for market management and supervision.
He also ordered measures be carriedout to tackle difficulties, facilitate the equitisation and listing of State-ownedenterprises to increase the quantity and quality of stocks in the market,enhance market management, and stringently deal with any violation, thus guaranteeingdiscipline, protecting investors’ interests, and ensuring the market’s healthyactivities./.
Macroeconomic stability will be a good foundation for developing the stock market, Deputy Minister of Finance Nguyen Duc Chi said at the Government’s regular press conference on October 29 in Hanoi.
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Deputy Minister of Finance Nguyen Duc Chi (second from left) beats the gong to mark the first trading session of 2023 on January 3. (Source: HNX) 
Deputy Minister of Finance Nguyen Duc Chi speaks at the ceremony on January 3. (Photo: VNA) 
